# UraniumX (CSE:STMN) > UraniumX Discovery Corp. ## About UraniumX Discovery Corp. is a Canadian-based junior exploration company focused on unlocking the uranium potential of the Athabasca Basin, particularly through the Murphy Lake Property acquired in July 2025. The company is advancing other properties like NeoCore and Zoo Bay, targeting diverse uranium systems while committing to sustainable exploration that supports the transition to clean energy. ## Key facts - **Cash position:** ~$4M - **Shares outstanding:** 34,167,000 - **Fully diluted shares:** 37,367,000 - **Warrants:** N/A - **Options:** N/A - **Mineral resource:** Murphy Lake Project Details: LOCATION 609 Hectares of Promising Uranium Potential 30 km Northwest of Orano’s McLean Lake deposits, a key processing hub. 15 km North of Purepoint and Iso Energy’s Nova Discovery, boosting regional ties. 1 km North-trending conductor underlying the east part of the property. • Proximity to IsoEnergy’s high-grade Hurricane deposit boosts regional uranium potential. EXPLORATION POTENTIAL 3 km From IsoEnergy’s Hurricane Zone, close proximity to high-grade discoveries. • Features intense hematite and limonite alteration in sandstone, plus graphitic shear zones. • ML22-006 showcased 0.242% U₃O₈ with hydrothermal and augen gneiss textures from 356.6–358m. • Positioned as a highly prospective site in the Athabasca Basin’s uranium-rich eastern edge. GEOPHYSICS 2022 Marked F4 Uranium Corp.’s ground DC Resistivity and Moving Loop Time Domain EM surveys. • Targeted a north-trending conductive feature in the east section of the property. • Revealed weak resistivity lows in lower sandstone, hinting at alteration haloes linked to uranium. DRILLING 14 Drill holes completed in 2022, totaling 6,800m by F4 Uranium. 2300 cps Peak radioactivity in ML22-006 at 323–325m, assaying 0.242% U₃O₈. 2 m Wide graphitic shear zone below mineralization, with strong limonite and hematite alteration. • Historic Areva and Cameco drilling hit 199 ppm uranium at 350m, just above the unconformity. Zoo Bay Project Details: LOCATION 19,850 ha on rim of sandstone basin: depth to targets vary from directly beneath the overburden to 200m depth. • Immediately adjacent to Orano and CanAlaska claims – raises potential for collaborative exploration programs. GEOPHYSICS • Suggests potential for basement-hosted unconformity deposit (Eagle Point, Arrow). • Fission Energy’s 2007 EM and magnetic surveys identified anomalies for further investigation. DRILLING 20 km from the Newnham Lake conductor corridor, drilled in 2018 by ALX Uranium Corp. with anomalous radioactivity. 0.01% U₃O₈ And 0.6% ThO₂ assays from 1970 outcrops, laying the groundwork for drilling. • Historic prospecting found uranium-thorium zones, guiding modern exploration. • Fission Energy’s 2007 survey urged EM data analysis for targeted drilling. Neocore Project Details: LOCATION 65 km Southeast of McArthur River, world’s top high-grade uranium mine. 6 Adjacent to CanAlaska, Skyharbour, and other uranium explorers. • Positioned on the eastern flank of the Athabasca Basin in northern Saskatchewan. • Underlain by Neoarchean River Granites, a proven uranium-fertile geological unit globally. GEOPHYSICS 4 Targets for graphite-hosted uranium deposits located in the basement rocks. Magnetic, EM and gravity surveys will provide drill targets. EXPLORATION 13,012 ha The Neocore covers a large area of ground 25km outside the Athabasca Basin. 25,312 ha Surveyed in 2021 by Greenridge Exploration (formerly ALX Resources). • 2023 saw permit applications for mapping, ground geophysics, and prospecting. • Nearby high-grade successes by 92 Energy, and Baselode, with surface and subsurface findings. - **Leadership:** Esen Boldkhuu (CEO), Kirby Renton (President, COO & Director), Rick Mah (CFO), Ken Wheatley, P.Geo., M.Sc. (Director of Exploration & Chief Geologist), Dr. Yuanming Pan (Technical Advisor), Vincent Martin (Strategic Advisor), Kirby Renton (President, COO & Director), Howard Milne (Director), Matthew Schwab (Director), Tyler Thorburn (Director) _Verified data last updated: 2026-05-01_ ## Recent filings - 2026-05-12 — press_release — [STMN:CNX_2026-05-12_20-16-58.pdf](https://chat.orbiton.app/stmn/preview/50079?documentId=50079) - 2026-05-11 — press_release — [STMN:CNX_2026-05-11_23-41-38.pdf](https://chat.orbiton.app/stmn/preview/50040?documentId=50040) - 2026-05-01 — press_release — [Uraniumx Reports Strong Financial Position Ahead of Spring Drill Program](https://chat.orbiton.app/stmn/preview/38150?documentId=38150) - 2026-04-28 — financials — [STMN:CNX_2026-04-28_19-10-41.pdf](https://chat.orbiton.app/stmn/preview/34192?documentId=34192) - 2026-04-28 — mda — [STMN:CNX_2026-04-28_19-09-09.pdf](https://chat.orbiton.app/stmn/preview/34201?documentId=34201) - 2026-04-28 — financials — [STMN:CNX_2026-04-28_19-07-37.pdf](https://chat.orbiton.app/stmn/preview/34206?documentId=34206) - 2026-04-27 — press_release — [URANIUMX DISCOVERY CORP. ANNOUNCES LOI TO ENTER INTO OPTION AGREEMENT WITH POND TECHNOLOGIES HOLDINGS INC. REGARDING THE ZOO BAY URANIUM PROJECT](https://chat.orbiton.app/stmn/preview/34211?documentId=34211) - 2026-04-22 — other — [STMN:CNX_2026-04-22_20-52-16.pdf](https://chat.orbiton.app/stmn/preview/29741?documentId=29741) ## Investor FAQ ### [Latest News](https://chat.orbiton.app/stmn/faq/latest-news) UraniumX Discovery Corp. recently reported a strong financial position ahead of its spring drill program, with approximately $4 million in cash. The company is also advancing its exploration efforts at the Murphy Lake Property and has announced a letter of intent to enter into an option agreement regarding the Zoo Bay uranium project. ### [Projects Overview](https://chat.orbiton.app/stmn/faq/projects-overview) UraniumX is focused on the Athabasca Basin, particularly the Murphy Lake Property, which spans 609 hectares and is located near significant uranium deposits. The company is also advancing the Zoo Bay and NeoCore projects, targeting diverse uranium systems and employing sustainable exploration practices. ## Live AI chat - https://chat.orbiton.app/stmn/chat - Investor website: https://uraniumx.ca/about/#team